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To: The Reaper who wrote (1431)	3/27/2001 2:30:52 PM
From: Don Miller	Read Replies (3) \| Respond to of 1805

OT KKirby "Even though it's a California problem, help from the Feds would be appreciated and I think since we're still part of the Union the last time I checked, the Feds should help somehow as we were the guinea pigs and the entire country could sit back and watch what happened." Firstly the other 49 states did not ask you to be our guinea pig, Ca. went that way for it's own gain. It has taken too long for Ca. recognize the real problem, it still is not fixed, and forging new Federal leverage is furthering Ca.'s inability or unwillingness to fix the problem. New Federal regulation would be a big mistake. Using a bond issue to spread the lost revenues is a terrible patch. It has Ca. government directly involved with the control of the power industry. Government has yet to prove it can run even a simple business. Reliability and price control is a very difficult problem for the power industry. I thought Ca.'s purpose was to "deregulate" now Ca. has people who have never operated a power industry in control of what happens next. You have think tankers calling your shots. If Ca. wants to experiment then I do not think it appropriate that the risk is subsidized by new federal regulations. Ca. is part of the union, but it does not deserve access to or leverage on the pockets of the other 49 states. If Ca. wants power plant plumes down wind of the state, and you want to keep the price below replacement cost and you want to grow, then you must pay a reasonable price for that pleasure. It is Ca. burden to assure you get a reasonable price, and pay your bills. What Ca. is experiencing right now is the real cost of that free lunch. I ask one fundamental question, -how many of you Ca. citizens have written you politicians about getting the system fixed, and in that communication telling them you will pay what it takes to make the system reliable, and telling them to get out of the middle. How many of you have gotten your friends and neighbors to do the same? You understand that bond issue is just another way to pay the real bill. It raises taxes on industry since what it it subsidizing is the artificially low residential rates. The next shoe to drop is industry moving out of the state because of the tax rate, and power unreliability.